Markets 'comfortable' with Trump choice to lead Fed: analyst

ABS-CBN News

Posted at Nov 02 2017 09:22 AM

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MANILA - Financial markets seem "very comfortable" with US President Donald Trump's choice to head the Federal Reserve, an analyst said Thursday.

Federal Reserve Governor Jerome Powell is expected to continue Chairperson Janet Yellen's approach to tightening monetary policy, said IG chief market strategist Chris Weston. Yellen's term will expire in February next year.

"This isn't surprising to the markets in any shape or form," Weston told ANC's Early Edition, adding Taylor was the "least disruptive" choice to lead the Fed.